Daily iron ore price update (recession shock)

Tuesday, 15 March 2022

The ferrous complex was hammered on March 14, 2022:

Not much to say, really. China is going into a genuine recession as the property crash, OMICRON, energy shock, and external demand weakness combine.

Iron ore should be at $50 and falling but is now beholden to the global commodity hysteria.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.